420 with CNW – Federal Report Shows More Banks Doing Business with Cannabis Companies
A quarter-three report for 2018 released by the Treasury Department’s FinCEN (Financial Crimes Enforcement Network) shows that the number of financial institutions that are doing business with marijuana businesses has increased by 20 percent from what it was at the start of this year. The data gathered by FinCEN shows that 111credit unions and 375 banks had cannabis businesses as clients by the end of September. This latest report has no surprises since previous quarterly reports by the agency showed a steady increase in the number of financial institutions willing to work with cannabis businesses even if national laws regard…

















